In 1917, during World War I, the price of admission into a place of entertainment was taxed. Auditors attended race meetings, theatre and picture shows to ensure the tax was being paid. This tax was also imposed from 1942 to 1953.
Tax, Super + You is an educational online resource provided free of charge by the ATO. Teachers can use this resource to help their students improve their understanding of the Australian tax and super systems.
The resource is a complete learning management system. Its content aligns to the Australian curriculum, focussing on secondary school students in years 7 to 10.
This online resource offers several advantages:
- the resource provides all the instruction students need, so Teachers are not required to develop a lesson plan or lose time printing or photocopying lesson materials
- the inclusion of verbal and demonstrative instruction in the resource means students will be able to self-pace to their learning style and ability, lessening Teachers’ preparation and delivery time
- Teachers are able to assign the resource as a homework assignment
- the resource will assess students and provide a print-out of their completion and competency, freeing up Teachers to provide specific help as needed.
A tax on the profit made when selling or disposing of an asset such as investment properties, shares and collectables. The net capital gain amount, or the discounted capital gain amount in certain circumstances where a discount applies, is added to assessable income and income tax is then calculated on the taxable income. A person’s main residence (their home) is generally exempt and motor vehicles are exempt from CGT.read more glossary terms